The Pomp Podcast

#1171 Codie Sanchez | The Secret To Thriving In A Recession

Mar 13, 2023
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ADVICE

Run Weekly Financial Scorecards

  • Run a weekly finance ritual to stay aware of cash flow and catch issues early.
  • Cody's 'Financial Fridays' use scorecards and red/yellow/green checks to track each business weekly.
ADVICE

Automate Where Pain Meets Cost

  • Find the pain points in your business and ask 'who' can fix them, then ask how tech can replace manual work.
  • Cody rewards employees who automate or replace tasks and analyzes task cost versus hourly pay.
INSIGHT

Prioritize Three-Standard-Deviation Work

  • Focus time on three-standard-deviation activities that create outsized returns instead of low-value tasks.
  • Cody asks if the current task is a major leverage event to avoid recency bias and time theft.
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